Vancouver, British Columbia–(Newsfile Corp. – May 6, 2026) – Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (“Heliostar” or the “Company“) is pleased to announce that it has appointed Dennis Wilson as Vice President, Health, Safety, Environment and Sustainability. In addition, Hernan Dorado has been moved into a new role as Vice President of Operations from his previous role as Vice President Sustainability and Special Projects. The general managers at the operating San Agustin and La Colorada mines, who previously reported directly to COO Gregg Bush, will now report through the VP Operations role.
Heliostar CEO Charles Funk commented, “The reorganization announced today is designed to allow management to focus on bringing Ana Paula into production. In 2025, the Company’s priority was on restarting two mines and optimizing their production profiles to support our growth. In 2026, that strategic priority pivots to Ana Paula. Hernan’s new position will allow him to guide the operations of the producing mines, increasing Gregg’s capacity to focus on executing the Feasibility Study and construction of Ana Paula.
“We are delighted to welcome Dennis to the team. He brings a great depth of experience in health and safety and sustainability through his global career. As a rapidly growing company with more than 800 contractors and employees, Dennis will ensure we have the proper processes in place to execute our growth ambitions in a responsible manner. This is another step forward in our maturation as a Company as we grow towards our goal of becoming a 500,000 ounce per year producer by the end of the decade.”
Mr. Wilson has 15 years of experience in heavy industry and over 20 years of experience in mining in Australia, Canada, the US, Mexico, and Brazil. He has served as the Environment, Health, Safety and Sustainability lead for several companies, including New Gold, Equinox Gold and STLLR Gold. He has experience implementing internationally recognized sustainability systems and standards, significantly improving performance across his areas of management. His career has included all stages of mine development; including exploration, operations and closure. Mr. Wilson holds a Bachelor of Applied Science (Environmental Science).
About Heliostar Metals Ltd.
Heliostar is a growing gold producer with a goal to produce 500,000 ounces per year by the end of the decade. The cash flow from the Company’s La Colorada Mine in Sonora and the San Agustin Mine in Durango supports the development of its 100% owned pipeline of growth projects in Mexico and the USA. These include the flagship Ana Paula development project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur, the Goldstrike project in Utah and the Unga project in Alaska.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
| Charles Funk President and Chief Executive Officer Heliostar Metals Limited Email: info@heliostarmetals.com Phone: +1 844-753-0045 |
Rob Grey Investor Relations Manager Heliostar Metals Limited Email: rob.grey@heliostarmetals.com Phone: +1 844-753-0045 |
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Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, show the full extent of the deposit, upgrade and expand the resource base, growing our annual production profile in the near term and bringing additional production online.
Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political, and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption “Risk Factors” in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
